How many Ledgers outlets in Florida were terminated in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchisor) For Fiscal Years 2022 to 2024**
| State | Year | Number of Transfers | |---|---|---| | Total | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | Table No. 3 Status of Franchise Outlets For Years 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Ter minatio ns | Non Renew als | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Connecticut | 2022 | 1 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–45)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, there were no Ledgers outlets terminated in Florida during 2022. The FDD provides a table summarizing outlet information by state and year, including terminations.
Specifically, the table shows that Ledgers had one outlet in Florida at the start of 2022. Throughout the year, there were no new outlets opened, no terminations, no non-renewals, no re acquisitions by the franchisor, and no ceased operations for other reasons. Consequently, Ledgers ended 2022 with one outlet in Florida.
This data point is important for prospective franchisees as it can provide insights into the stability and performance of Ledgers franchises in Florida. A low number of terminations may indicate a healthy franchise system, but it is essential to consider this information in conjunction with other factors such as the number of new openings and overall financial performance.